Saving for education

2011-05-14 09:17

When starting a savings plan for your children’s education, you need to be realistic about what your goals are. It would be very difficult to save enough money during your child’s first seven years to completely pay for their 12 years of school fees (see table).

Your first goal is to save so that you can make up this difference without education taking a bigger bite out of your household finances each year.

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